The fall leaves will be gone soon and the holidays will be upon us! Many people think this is not a good time of the year to be selling, however, that is not the case!
There is always less competition at this time of the year when most people decide to wait until after the holidays. Our inventory is extremely low right now, with only 2 to 3 months of inventory in many price points. The laws of supply and demand dictate that low inventory causes higher prices! You have the best chance of getting your highest price when the inventory is low, like it is now.
During the holidays, there will be fewer buyers out there looking to purchase; however, those who are looking are typically very serious buyers.
Homes show beautifully with the holiday decorations up and the scents of Christmas in the air.
Most importantly, many of the corporate relocations take place on January 1, so those transferees need to find homes now. It is a great time for local moves since the children are out of school and families can transition easily.
Most sellers are thinking they will wait until “after the holidays”. The results … more competition after the first of the year … and more competition means lower prices.
Interest rates remain at historic lows…they can’t stay there forever! The criteria for mortgage lending is going to have some new rules, making it a little more difficult for buyers to obtain loans…come Jan 1.
If you are thinking of a move in the next few months, I would highly recommend that you do it now! You will love the results!
Let’s have a conversation! Email Cathi or call our office at 770-993-9572.